Nextracker Overview

  • Year Founded
  • 2013

Year Founded

  • Status
  • Public

  • Employees
  • 277


  • Stock Symbol
  • NXT

Stock Symbol

  • Investments
  • 1

  • Share Price
  • $57.98
  • (As of Tuesday Closing)

Nextracker General Information


Nextracker (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions used in utility-scale and distributed generation solar projects around the world. Nextracker's products enable solar panels in utility-scale power plants to follow the sun's movement across the sky and optimize plant performance. Nextracker has operations in the United States, Mexico, Spain and other countries in Europe, India, Australia, the Middle East, Africa, and Brazil.

Contact Information

Formerly Known As
Nextracker LLC
Ownership Status
Publicly Held
Financing Status
Formerly VC-backed
Primary Industry
Business/Productivity Software
Other Industries
Other Equipment
Other Hardware
Stock Exchange
Corporate Office
  • 6200 Paseo Padre Parkway
  • San Francisco Bay Area
  • Fremont, CA 94555
  • United States
+1 (510) 000-0000

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Nextracker Stock Performance

(As of Tuesday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$57.98 $57.84 $32.14 - $62.31 $8.19B 137M 3.54M $3.97

Nextracker Financials Summary

In Thousands,
TTM 31-Mar-2024 FY 2024 31-Mar-2024 FY 2023 31-Mar-2023 FY 2022 31-Mar-2022
EV 11,328,729 11,328,729 2,086,054
Revenue 2,499,841 2,499,841 1,902,137 1,457,592
EBITDA 626,180 626,180 175,542 76,288
Net Income 306,241 306,241 118,887 50,913
Total Assets 2,518,782 2,518,782 1,419,680 1,017,289
Total Debt 143,967 143,967 147,147 0
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Nextracker Valuation & Funding

Deal Type Date Amount Valuation/
Post-Val Status Debt

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Nextracker Cap Table

Stock # of Shares
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
% Owned

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Nextracker Comparisons

HQ Location
Total Raised
Post Valuation
Nextracker (and its subsidiaries) is a leading provider of intelligent, integrated solar tracker and software solutions
Business/Productivity Software
Fremont, CA
277 As of 2024
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Austin, TX
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Albuquerque, NM
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Nextracker Competitors (5)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
FTC Solar Corporate Backed or Acquired Austin, TX 000 00000 00000000 00000
Array Technologies (Alternative Energy Equipment) Formerly PE-Backed Albuquerque, NM 000 00000 000000000 00000
BrightSource Venture Capital-Backed Jerusalem, Israel 000 00000 00000000000 00000
Sunverge Venture Capital-Backed San Francisco, CA 00 00000 0000000000 0 00000
PVHardware Corporation Chapel Hill, NC 000
You’re viewing 5 of 5 competitors. Get the full list »

Nextracker Patents

Nextracker Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-12009690-B2 Power converters and methods of controlling same Active 29-Jun-2023 00000000 00
US-20240072720-A1 Strategies to enhance critical wind speeds with active stowing in single axis solar tracking systems Pending 24-Aug-2022 000000000
US-20240072721-A1 Solar module rail couplings for solar tracker Pending 24-Aug-2022 000000000
US-20240048090-A1 Reinforced pile for solar foundations Pending 04-Aug-2022 000000000
US-20240014751-A1 Parallel inverter systems and methods Pending 11-Jul-2022 H02M7/5395
To view Nextracker’s complete patent history, request access »

Nextracker Executive Team (25)

Name Title Board Seat Contact Info
Daniel Shugar Chief Executive Officer & Board Member
Howard Wenger President
Bruce Ledesma JD President, Strategy & Administration
Marco Miller Co-Founder & Chief Operating Officer
Mike Mehawich Co-Founder & Chief Strategy Officer
You’re viewing 5 of 25 executive team members. Get the full list »

Nextracker Board Members (14)

Name Representing Role Since
Daniel Shugar Nextracker Chief Executive Officer & Board Member 000 0000
Jeffrey Guldner Self Board Member 000 0000
Jonathan Coslet TPG Board Member 000 0000
Julie Blunden Self Board Member 000 0000
Kyra Whitten Nextracker Board Member 000 0000
You’re viewing 5 of 14 board members. Get the full list »

Nextracker Signals

Growth Rate

0.80% Weekly
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers


Similarweb Unique Visitors


Majestic Referring Domains


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Nextracker Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Nextracker Acquisitions (1)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
BrightBox Technologies 30-Aug-2016 0000000000 Business/Productivity Software 000000 00
To view Nextracker’s complete acquisitions history, request access »

Nextracker ESG

Risk Overview

Risk Rating

Updated February, 15, 2024

15.58 | Low Risk

Risk Scale

A lower score indicates better sustainability












Exposure refers to the extent to which a company is exposed to different material ESG issues



Management is related to actions taken to manage ESG issues


Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.


Covered Companies

00 of 16,191




Technology Hardware


00 of 675




Electronics Equipment


00 of 137




To view Nextracker’s complete esg history, request access »

Nextracker FAQs

  • When was Nextracker founded?

    Nextracker was founded in 2013.

  • Who is the founder of Nextracker?

    Daniel Shugar, Marco Miller, Mike Mehawich, Alexander Au, Tyroan Hardy, and Marco Garcia are the founders of Nextracker.

  • Who is the CEO of Nextracker?

    Daniel Shugar is the CEO of Nextracker.

  • Where is Nextracker headquartered?

    Nextracker is headquartered in Fremont, CA.

  • What is the size of Nextracker?

    Nextracker has 277 total employees.

  • What industry is Nextracker in?

    Nextracker’s primary industry is Business/Productivity Software.

  • Is Nextracker a private or public company?

    Nextracker is a Public company.

  • What is Nextracker’s stock symbol?

    The ticker symbol for Nextracker is NXT.

  • What is the current stock price of Nextracker?

    As of 18-Jun-2024 the stock price of Nextracker is $57.98.

  • What is the current market cap of Nextracker?

    The current market capitalization of Nextracker is $8.19B.

  • What is Nextracker’s current revenue?

    The trailing twelve month revenue for Nextracker is $2.5B.

  • Who are Nextracker’s competitors?

    FTC Solar, Array Technologies (Alternative Energy Equipment), BrightSource, Sunverge, and PVHardware are competitors of Nextracker.

  • What is Nextracker’s annual earnings per share (EPS)?

    Nextracker’s EPS for 12 months was $3.97.

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